Employers Must Prepare as ACA Reporting Requirements Loom

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Beginning in 2016, the Patient Protection and Affordable Care Act (ACA) requires applicable large employers (50+ employees) to file information with the Internal Revenue Service and provide statements to employees in regard to health coverage offered and accepted.  The so called “pay or play” or shared-responsibility mandates will demonstrate whether the health coverage offered is compliant with ACA requirements, whether a penalty will be assessed and whether an employee is entitled to a government subsidy.  The required forms are complex and require employers to gather information from multiple sources, including HRIS systems, payroll, COBRA administration and leave administration systems, regarding information on the coverage offered, and to whom, on a monthly basis.
EANJ will be conducting a webinar providing an overview of forms 1094-C & 1095-C on September 18, 2015. Details and registration.